Florida Amendment 1: Changes to Budget Stabilization Fund Amendment endorsements, 2026 | Sway

Amendment 1: Changes to Budget Stabilization Fund Amendment

Florida Amendment 1 is on the November 3, 2026 ballot.

What it does

Increase the amount of funds that may be retained in the budget stabilization fund from 10% to 25% of net general revenue among other changes

On your ballot

BUDGET STABILIZATION FUND.—Proposing an amendment to the State Constitution to increase the amount of funds that may be retained in the budget stabilization fund from 10% to 25% of general revenue collections, require the legislature to transfer the lesser of $750 million or the amount required to reach 25% of the general revenue collections each year unless certain conditions are met, and allow the legislature to withdraw funds for critical state needs.

No

What a no vote means

A "no" vote opposes amending the state constitution to make changes to the budget stabilization fund.

Groups recommending "No"

Join a group to add its recommendations to your ballot.

Make Florida Kind Again - Voter Guide

Led by Sara Wiles · 774 voters

Stay Ready

Led by Desiree Gee · 29 voters

This amendment addresses how much money should be kept in one of the state’s reserve funds, called the Budget Stabilization Fund.

Currently, the fund gets a minimum of 5% of the state’s yearly revenue and a max of 10%. The amendment increases the max to 25% and requires at least an extra $750M per year be put into the fund until the new cap is reached.

The fund already has $5 BILLION in it.

A YES vote on Amendment One means more money goes to that fund to sit there.

A NO vote on Amendment One means the state spends the money it’s collecting in taxes and fees on things that help Floridians TODAY. It means more money for services that are needed NOW instead of saving money for some unknown future date.

A NO vote does not take the $5B in the fund away. The fund stays funded. It just can’t have more than $5B in it.

Vote NO on Amendment One.

Florida Progressives!

Led by Rebecca Brunson · 16 voters

Empowered Voters for a better Florida ✨

Led by Ria Love · 12 voters

Hope and Change

Led by Yen Bailey · 1 voter

Sem Dems Voting Guide

Led by Dylan Kelly · 19 voters

Democratic Environmental Caucus of Florida

Led by DECF · 7 voters

Collective Voice for Progress in NEFL

Led by Danielle · 11 voters

Chery's Change Makers

Led by Magdala “Maggie” Chery · 9 voters

Who do we vote for and why

Led by Gigi Bowman · 6 voters

Democratic Women of West Orange

Led by Therese O'Hara (Tess) · 3 voters

Elections 365

Led by Janet Michelle · 2 voters

Jen's Florida Picks

Led by Jen · 2 voters

League of Women Voters, Florida Education Association, and Tampa Bay Times oppose this measure. The best explanation I can find is in the TBT write up found here.

Here's a quote: "A bigger rainy day fund sounds prudent, but this one is excessive. The fund already holds more than $5 billion, or 9.75% of general revenue, and it isn’t the state’s only reserve. Florida has record reserves by some measures, and more than most states.

The Legislature has tapped the fund just once since its creation in 1992 — during the Great Recession. It remained funded during the 2001 recession and the COVID-19 crisis.

Florida shouldn’t enshrine in the Constitution a requirement to stockpile more money into a fund that is almost never used."